AG EQUITY LINE OF CREDIT

REAL ESTATE EQUITY-BASED LINE OF CREDIT

Flexibility and reliability with long-term commitment

Use your established equity to access reliable funding that fits your needs through a 5 or 10-year AgriFinancial Equity Line of Credit. When you’re looking for a safety net with flexibility and commitment of a long-term loan, an equity line may be a great option. Put yourself in control and use it when you need it, however you need it.

EASY TO USE

Choose a 5- or 10-year term, renewable for 5 additional years††

Unlimited number or draws & repayments during draw period‡

Repay principal at any time

Interest-only, semi-annual payments on outstanding balances

No non-use fees

Move balances at end of draw period, without refinancing

Use funds for any on-farm or business purpose

Convert to a term loan on any interest-only payment date

††Upon request and approval of a credit review.
‡Minimum $2,500 per draw.

EASY TO ACCESS

Funds moved to your account the next day

Make payments, view accounts online

EASY TO QUALIFY‡‡

Borrow up to 50% of bare-land ownd equity

Debt-to-Asset Ratio of 50% or less (Total Debts/Total Assets)

Available cash to service debt of 1.35:1 or better

Acceptable credit history

Median credit score of 680 or above

Minimum loan size of $50,000

‡‡Require first mortgage position, can refinance existing mortgage.

PAYMENT & PRODUCT FEATURES

Prepayments- An unlimited number of pay-downs of principal are allowed during the draw period.

Index- The adjustable interest rate will be based on the 1-month LIBOR as published in the Wall Street Journal, as of two business days prior to the rate change date. The Index will be added to the margin and rounded to the nearest one-hundredth of one percent (.01).

Conversion Eligibility during the Draw Period- On any interest payment date prior to the expiration of the draw period, the borrower may exercise a conversion option, upon request and if not in default. Converting the loan will terminate the remaining draw period.

After the Draw Period- Upon expiration of the draw period, you may convert to another product on a scheduled rate reset date. The new product chosen may not exceed the original loan term.

Our team will discuss your goals every step of the way. We’ll work with appraisers and title companies in your community if possible, and you don’t pay a dollar until your application is approved. Let’s start discussing your goals today.